26
See all 26 photos
Listed by Tim Ray • Century 21 Portfolio
$275,000
Est. payment /mo
2,628 SqFt
New
W Strawn Avenue Jonesboro, AR 72401
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Four-Plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,628 sqft
Price per Sqft $104
Subdivision Homebuilders
MLS Listing ID 10132552
Annual Tax Amount $982
Tax Year 2021
Lot Size 7,000 Sqft
Acres 0.1607
Property Sub-Type Four-Plex
Property Description
Rare multifamily investment opportunity in the developing West End Community, just minutes from Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library. Located directly across from the Kindergarten Center, this fully occupied four-unit property offers proven cash flow with current gross rental income of $29,100 annually and a cap rate of over 9%. Each unit is approximately 600 square feet and features an interior front entry along with a rear door providing access to the deck. The two ground-floor units offer step-free entry with no stairs required, while two additional units are located upstairs. The property has a long-standing history of reliable tenancy, with residents who have consistently met their rental obligations over extended periods. Tenants pay their own utilities, while the owner provides water and sewer. Updates include windows, doors, heating units, and cooling units, and the current owner has consistently addressed repairs and maintenance needs as they arise. With full occupancy, consistent rental performance, a convenient location, and a history of attentive ownership, this property offers an opportunity to add an established income-producing asset to your real estate portfolio. Schedule a showing today to learn more.
Location
State AR
County Craighead
Area D
Interior
Cooling Electric
Flooring Carpet, Vinyl
Exterior
Exterior Feature Deck
Building
Sewer City Sewer
Schools
Elementary Schools Jonesboro Magnet
High Schools Jonesboro High School
Others
Tax ID 01-144192-09100
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION